General
Organised Private Sector Urges Senate Not to Weaken NSITF
By Modupe Gbadeyanka
The senate has been urged not to make a mess of the Nigeria Social Insurance Trust Fund (NSITF) Act because it could expose the fund to undue political interference.
This appeal was made by the Organised Private Sector of Nigeria (OPSN) in reaction to the proposed amendment of the act by the Senate Committee on Labour and Employment, chaired by Mr Diket Plang.
In a letter to the Senate President, Mr Godswill Akpabio, and signed by the five Directors-General, the OPSN kicked against the proposed changes, which have already passed a second reading in the Senate.
“These amendments threaten to fundamentally weaken the NSITF governance structure, erode accountability and transparency, and expose the Fund to undue political interference. The NSITF was founded on a tripartite structure, representing Government, Employers, and Labour, in strict alignment with International Labour Organisation (ILO) Convention 102 on Social Security (Minimum Standards), Convention 144 on Tripartite Consultation, and Convention 87 on Freedom of Association and Protection of the Right to Organise.
“These Conventions, which Nigeria has ratified, require that social security institutions be managed with the full and effective participation of social partners, ensuring that the interests of both contributors and beneficiaries are protected from political or unilateral government control,” the group, which comprises the Manufacturers Association of Nigeria (MAN), the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Nigeria Employers’ Consultative Association (NECA), the Nigeria Association of Small and Medium Enterprises (NASME), the Nigeria Association of Small Scale Industrialists (NASSI) and other 25 Employers Federations.
OPSN explained that the proposed amendment seeks to reduce the representation and influence of employers and workers, who are the main contributors and beneficiaries of the Fund, while increasing government control through political appointments.
“This approach is not only contrary to the spirit and letter of the ILO Conventions but also undermines the principles of good governance, transparency, and accountability that are essential for the effective management of social security funds. The ILO’s Recommendation 202 on Social Protection Floors further underscores the need for participatory, transparent, and accountable governance in social protection systems, warning against the dangers of politicisation and lack of stakeholder involvement,” it stated.
According to OPSN, the management board of the NSITF, as currently constituted, serves as the Trustee and conscience of the Fund. It provides critical checks and balances to ensure that contributors’ resources are managed prudently, transparently, and in the best interests of Nigerian workers.
Weakening or replacing this board with a politically dominated structure would erode the Fund’s autonomy, open the door to mismanagement, and ultimately jeopardise the benefits and security of millions of Nigerian workers and their families, it noted.
International experience has repeatedly shown that when social security funds are politicised or removed from the oversight of social partners, the result is often inefficiency, loss of public trust, and the erosion of social protection for workers, the association further stated.
“It is important to clarify that no two Agencies are managing the NSITF. In fact, the NSITF is the sole statutory agency responsible for implementing the Employees’ Compensation Act (ECA). Any attempt to create parallel structures or to repeal or alter this arrangement under the guise of reform would not only remove existing safeguards but also contravene international standards and expose the Fund to unnecessary risks, including the potential for confusion and mismanagement,” OPSN disclosed.
It reiterates that it will not accept any amendment that weakens the Fund’s governance framework or diminishes the participation of organised labour and employers in its management as the primary contributors to the Fund, the OPSN and its members are prepared to employ all legitimate and legal means, including recourse to international labour standards and the ILO’s supervisory mechanisms, to protect the NSITF from any actions that threaten its effectiveness, sustainability, and compliance with global best practices.
“We are deeply concerned that, while the Senate prioritises an unnecessary and potentially damaging amendment to the NSITF Act, which has no operational defects, the long-overdue Nigeria Labour Law remains stalled.
“This Bill is critical for the future of work in Nigeria. It is designed to address urgent gaps in the nation’s labour and employment laws, improve dispute resolution, enhance workplace safety, promote social dialogue, and clarify the rights and responsibilities of all parties.
“Passing the Labour Law Bill is essential for aligning Nigeria’s labour laws with international standards, promoting decent work, and supporting sustainable economic growth. Its continued delay undermines efforts to modernise the country’s industrial relations framework and protect employers and employees,” OPSN added.
It called on President Bola Tinubu and Mr Akpabio to intervene and stop the charade by the Senate Committee on Labour and Employment, while directing them to focus on completing and passing the Nigeria Labour Law, a far more pressing and productive legislative priority.
The NSITF, as a cornerstone of Nigeria’s social protection system, must not be politicised or weakened. Its governance must remain firmly rooted in tripartism, transparency, and accountability as enshrined in ILO Conventions and international best practices, it noted.
General
Dangote Drags ex-NMDPRA Boss Farouk Ahmed to EFCC
By Aduragbemi Omiyale
The petition written against the immediate past chief executive of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, which was withdrawn from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has now been taken to the Economic and Financial Crimes Commission (EFCC).
The letter was written by the chairman of Dangote Industries Limited (DIL), Mr Aliko Dangote. It contained allegations of allegations of abuse of office and corrupt enrichment against Mr Ahmed.
The petition led to the resignation of the former NMDPRA chief from office last month.
It was gathered that Mr Dangote, through his legal representative, filed a formal corruption petition against him at the headquarters of the EFCC, with specific plea of prosecuting Mr Ahmed if found culpable.
The businessman said the withdrawal of the petition from the ICPC was a strategic move aimed at accelerating the prosecution process.
In the petition signed by his lead counsel Mr O.J. Onoja (SAN), Mr Dangote noted that, “We make bold to state that the commission is strategically positioned along with sister agencies to prosecute financial crimes and corruption related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624)337.”
He further urged the anti-money laundering agency, under the leadership of Mr Olanipekun Olukoyede, “…to investigate the complaint of Abuse of Office and Corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”
“The commission’s firm resolve in handling this matter with dispatch is not only imperative and expedient but will also serve as a deterrent to other public officers out there with such corrupt proneness and tendencies,” he added.
Recall that on December 14, 2025, Mr Dangote raised concerns about Mr. Ahmed’s financial dealings, alleging that the former regulator is living far beyond his legitimate means.
According to him, four of Mr Ahmed’s children attended elite secondary schools in Switzerland, incurring costs running into several millions of dollars—an expenditure that raises questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum industry.
Mr Dangote listed the schools attended by Mr. Ahmed’s children: Faisal Farouk (Montreux School), Farouk Jr. (Aiglon College), Ashraf Farouk (Institut Le Rosey), and Farhana Farouk (La Garenne International School), noting that each child spent six years in these institutions. He estimated annual tuition, travel, and upkeep per child at $200,000, totaling approximately $5 million for their secondary education.
Additionally, he alleged that Mr Ahmed spent another $2 million on tertiary education for the four children, including $210,000 for Faisal’s 2025 Harvard MBA program.
“Nigerians deserve to know the source of these funds, especially when many parents in Mr Ahmed’s home state of Sokoto struggle to pay as little as N10,000 in school fees,” Mr Dangote stated.
General
Chimamanda Ngozi Adichie Loses One of Twin Sons After Brief Illness
By Adedapo Adesanya
Nigerian author, Ms Chimamanda Ngozi Adichie, and her husband, Dr Ivara Esege, have lost one of their twin sons, Nkanu Nnamdi.
According to a statement issued on Thursday by Ms Omawumi Ogbe, on behalf of the family, the 21-month-old baby passed away on Wednesday, January 7, 2026, after a brief illness.
The statement said the family is devastated by the loss, and requested that their privacy be respected during this difficult time.
“We’re deeply saddened to confirm the passing of one of Ms Chimamanda Ngozi Adichie and Dr Ivara Esege’s twin boys, Nkanu Nnamdi, who passed on Wednesday, 7th of January 2026, after a brief illness. He was 21 months old.
“The family is devastated by this profound loss, and we request that their privacy be respected during this incredibly difficult time.
“We ask for your grace and prayers as they mourn in private.
“No further statements will be made, and we thank the public and the media for respecting their need for seclusion during this period of immense grief,” the statement read.
Ms Adichie is known for works including Half of a Yellow Sun, Americanah and her 2012 Ted Talk and essay We Should All Be Feminists, which was sampled by Beyoncé on her 2013 song Flawless.
The 48 year old writer had her first child, a daughter, in 2016. In 2024, her twin boys were born using a surrogate.
In 2020, her 2006 novel Half of a Yellow Sun was voted the best book to have won the Women’s Prize for Fiction in its 25-year history.
Her latest book, Dream Count, was published in 2025.
General
Peter Obi Questions Tinubu’s Approval of NNPC Debt Cancellation
By Adedapo Adesanya
The presidential candidate of Labour Party in the 2023 general elections, Mr Peter Obi, has queried the decision of President Bola Tinubu to write-off about N8 trillion in debts owed by the Nigerian National Petroleum Company (NNPC) Limited despite unresolved audit queries running into trillions of Naira.
Mr Obi, in a statement titled Era of Financial Recklessness, described the reported debt forgiveness as alarming, especially at a time Nigerians are grappling with rising energy costs, inflation and heavier tax burdens.
“Just last week, it was alarmingly reported that the President approved the write-off of N5.57 trillion and $1.42 billion, approximately N8 trillion, in debts owed by NNPC, a company that recently announced profits and claimed it had turned a new leaf,” Mr Obi said in the statement on X, formerly Twitter.
He noted that the development comes amid ongoing audit investigations into NNPC over an alleged failure to account for N210 trillion, a figure he said exceeds Nigeria’s combined federal budgets between 2023 and 2026.
“For context, the total federal government budgets from 2023 to 2026 amount to about N178.56 trillion. Nigerians are still waiting for the outcome of the National Assembly investigation into the missing trillions,” Mr Obi stated.
The former Anambra State governor questioned the rationale behind the debt write-off, pointing out that NNPC is also under scrutiny over trillions of naira spent on non-functional refineries.
“This is the same agency facing serious audit inquiries and yet the President, who also serves as the Minister in charge, has approved the write-off of about N8 trillion in NNPC debts,” he said.
Mr Obi argued that the debt forgiveness effectively shifts the revenue burden to ordinary Nigerians, who are already reeling from the removal of fuel and electricity subsidies.
“Nigerians, already enduring severe hardships, are now confronted with this unexplained debt forgiveness. The nearly N8 trillion write-off will effectively replace revenue that the government is now seeking through unfair taxation,” he said.
Mr Obi stressed that the amount written off could have significantly strengthened key sectors of the economy.
“This almost N8 trillion exceeds the combined 2025 federal budget allocations for education, health and agriculture, which total N7.1 trillion,” he noted, adding that it is also “nearly twice the 2025 federal security budget of N4.9 trillion.”
He maintained that such resources could have been deployed to stimulate productivity, create jobs and reduce poverty, particularly in an economy struggling with unemployment and weak growth.
“The President owes Nigerians clear answers. Citizens deserve honesty, fiscal discipline and governance that protects their interests, not the interests of mismanaged corporations or political elites,” Mr Obi said.
He called for transparency around the reported write-off, warning that unchecked fiscal decisions in the energy sector could further undermine public trust and economic stability.
“This betrayal of the people must be stopped,” Mr Obi concluded.
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